ARDT vs ISPR: Correlation
How closely do Ardent Health, Inc. (ARDT) and Ispire Technology Inc. (ISPR) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARDT and ISPR?
Across a 3-year window, the weekly returns of ARDT and ISPR correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.23). Stretching to 5 years gives n/a, with an annualized covariance of -949.2 %².
By 3-year correlation, ISPR places #14 of the 22 assets tracked against ARDT. Their recent paths diverged sharply: over the last 12 months ARDT outperformed by 41.0 percentage points (-13.5% for ARDT against -54.5% for ISPR). Risk is not evenly split, since ISPR carries 1.8 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ARDT vs ISPR: side by side
| ARDT (Ardent Health, Inc.) | ISPR (Ispire Technology Inc.) | |
|---|---|---|
| 1-year return | -13.5% | -54.5% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 48.5% | 85.1% |
| Beta vs S&P 500 | 0.65 | 1.12 |
| Max drawdown (3Y) | -61.2% | -93.3% |
| Market cap | $1.6B | $0.1B |
| P/E (trailing) | 20.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARDT | ISPR |
|---|---|---|
| 2024 | – | -58.5% |
| 2025 | -48.3% | -44.3% |
| 2026 | +24.5% | -49.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARDT and ISPR good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ARDT and ISPR?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.39 over the last year and n/a over 5 years.
Is ISPR a good diversifier for ARDT?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ardt-vs-ispr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ardt-vs-ispr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARDT correlations · ISPR correlations
